IFM | Family Physician Compensation: Myths, Models and Using the AAFP Career Benchmark Dashboard

In this episode of Inside Family Medicine, we hear from Norman Chenven, MD, founding CEO of Austin Regional Clinic (ARC), and AAFP Director of Career and Practice, Tracey Allen-Ehrhart. They discuss family physician compensation, common income myths, and tools for evaluating job offers. Chenven explains why he chose family medicine and outlines how compensation varies by geography, practice type, work hours, productivity, coding, patient satisfaction, and value-based quality measures. Allen-Ehrhart highlights the AAFP Career Benchmark Dashboard, which offers family physicians real-world compensation data and includes filters by role and state for tailored searches. They also compare employed roles and practice ownership, discuss risks associated with private equity and health system stability, and share advice and resources for evaluating employers and reviewing contracts.

Topics by Timestamp

00:00 Welcome and Guests

01:20 Why Family Medicine

02:27 Compensation Basics

05:05 Benchmark Dashboard

06:27 Ownership vs Employment

09:52 Myths and Reality

10:50 Advice for New Docs

13:42 Negotiate Your Worth

16:17 Resources and Wrap Up

Additional Resources

Comparing Physician Compensation

Family Medicine Compensation and Career Satisfaction Benchmark Dashboard

Understanding and Improving Your Work RVUs

Disclaimer: Copyright 2026, AAFP. The views presented in this broadcast are the speaker's own and do not represent those of AAFP. The information presented is for general, educational, or entertainment purposes and should not be considered legal, health, financial, or other advice. The AAFP makes no representation as to the accuracy or completeness of the information and is not responsible for results that may arise from its use. Consult an appropriate professional concerning your specific situation and respective governing bodies for applicable laws. Reference to any specific product or entity does not constitute an endorsement or recommendation by AAFP unless specifically stated otherwise. AAFP and the AAFP logo are registered trademarks of American Academy of Family Physicians.

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